Property Taxes in Maryland

Homeowners seeking to appeal their property tax assessments in Maryland can navigate a structured process designed to ensure fair taxation. The journey begins with a review of the assessment notice, typically issued by the Maryland Department of Assessments and Taxation. If a homeowner believes their property has been over-assessed, they can file an appeal within 45 days of receiving the notice. The initial step involves an informal hearing, where homeowners can present evidence, such as recent sales data or an independent appraisal, to contest the assessed value. The hearing officer will consider the evidence and may adjust the assessment if warranted.

Should the outcome of the informal hearing be unsatisfactory, homeowners have the option to escalate their appeal to the Property Tax Assessment Appeal Board. This board provides a more formal setting to present additional evidence and arguments. Throughout the appeal process, the goal is to achieve a fair evaluation of the property's value, potentially leading to a reduction in the assessed value and, consequently, the property tax bill.

Navigating the complexities of the property tax appeal process can be daunting, and that's where Ownwell steps in to assist. By leveraging expert knowledge and experience, Ownwell can guide homeowners through each stage of the appeal, from gathering compelling evidence to representing them at hearings. This professional support not only enhances the likelihood of a successful appeal but also alleviates the stress associated with challenging property tax assessments. With Ownwell's assistance, homeowners can confidently pursue a fairer tax obligation.

Maryland offers several property tax exemption programs designed to provide relief to homeowners. The Homestead Tax Credit is available for primary residences and limits the increase in taxable assessments each year. Homeowners must apply with the State Department of Assessments and Taxation to benefit from this credit.

Another significant exemption is the Homeowners’ Property Tax Credit Program, which provides tax credits to homeowners with a combined gross household income below a certain threshold. Eligible applicants must submit an application annually to receive this benefit.

For seniors, the Senior Tax Credit offers additional relief for those aged 65 and older who meet specific income and residency requirements. Veterans may also qualify for exemptions if they have a service-connected disability, and surviving spouses of veterans may be eligible as well.

Ownwell can assist homeowners in navigating these exemption programs by providing guidance on eligibility criteria and application processes. We streamline the process, ensuring that homeowners maximize their savings and take full advantage of the exemptions available to them. By leveraging our expertise, homeowners can confidently manage their property tax obligations and reduce their financial burden. Our services simplify the complexities of property tax exemptions, making it easier for homeowners to secure the relief they deserve.